EYEG vs. SPBO

Last updated Jun 23, 2026

EYEG (AB Corporate Bond ETF) and SPBO (SPDR Portfolio Corporate Bond ETF) are both Corporate Bonds funds. EYEG is actively managed, while SPBO is passively managed. Over the past year, EYEG returned 4.98% vs 5.51% for SPBO. With a 0.96 correlation, they move nearly in lockstep. EYEG charges 0.30%/yr vs 0.03%/yr for SPBO.

Performance

EYEG vs. SPBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Corporate Bond ETF (EYEG) and SPDR Portfolio Corporate Bond ETF (SPBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EYEG achieves a 0.47% return, which is significantly lower than SPBO's 0.80% return.

EYEG

• 1D: -0.24%
• 1M: 0.58%
• YTD: 0.47%
• 6M: 0.69%
• 1Y: 4.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPBO

• 1D: -0.24%
• 1M: 0.63%
• YTD: 0.80%
• 6M: 0.97%
• 1Y: 5.51%
• 3Y*: 5.45%
• 5Y*: 0.50%
• 10Y*: 2.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EYEG vs. SPBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EYEG AB Corporate Bond ETF	0.47%	7.42%	3.17%	1.41%
SPBO SPDR Portfolio Corporate Bond ETF	0.80%	7.83%	2.59%	2.62%

Correlation

The correlation between EYEG and SPBO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.96

The correlation between EYEG and SPBO has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

EYEG vs. SPBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EYEG

EYEG Risk / Return Rank: 34
EYEG Sharpe Ratio Rank: 34
EYEG Sortino Ratio Rank: 33
EYEG Omega Ratio Rank: 30
EYEG Calmar Ratio Rank: 36
EYEG Martin Ratio Rank: 35

SPBO

SPBO Risk / Return Rank: 37
SPBO Sharpe Ratio Rank: 37
SPBO Sortino Ratio Rank: 37
SPBO Omega Ratio Rank: 34
SPBO Calmar Ratio Rank: 40
SPBO Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EYEG vs. SPBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Corporate Bond ETF (EYEG) and SPDR Portfolio Corporate Bond ETF (SPBO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EYEG	SPBO	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.27	-0.11
Sortino ratio: Return per unit of downside risk	1.71	1.87	-0.16
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.76	1.93	-0.17
Martin ratio: Return relative to average drawdown	5.06	5.97	-0.91

EYEG vs. SPBO - Sharpe Ratio Comparison

The current EYEG Sharpe Ratio is 1.16, which is comparable to the SPBO Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of EYEG and SPBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EYEG vs. SPBO - Drawdown Comparison

The maximum EYEG drawdown since its inception was -4.66%, smaller than the maximum SPBO drawdown of -22.23%. Use the drawdown chart below to compare losses from any high point for EYEG and SPBO.

Drawdown Indicators

	EYEG	SPBO	Difference
Max Drawdown Largest peak-to-trough decline	-4.66%	-22.23%	+17.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-2.87%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.23%	—
Current Drawdown Current decline from peak	-0.85%	-0.80%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.24%	-4.03%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.92%	+0.07%

Volatility

EYEG vs. SPBO - Volatility Comparison

AB Corporate Bond ETF (EYEG) and SPDR Portfolio Corporate Bond ETF (SPBO) have volatilities of 1.13% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EYEG	SPBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	1.17%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.25%	3.29%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	4.35%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.45%	7.18%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	7.50%	-2.05%

EYEG vs. SPBO - Expense Ratio Comparison

EYEG has a 0.30% expense ratio, which is higher than SPBO's 0.03% expense ratio.

Dividends

EYEG vs. SPBO - Dividend Comparison

EYEG's dividend yield for the trailing twelve months is around 4.93%, less than SPBO's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EYEG AB Corporate Bond ETF	4.93%	4.94%	6.07%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPBO SPDR Portfolio Corporate Bond ETF	5.11%	5.09%	5.28%	4.73%	3.54%	2.42%	2.75%	3.46%	3.60%	3.15%	3.35%	3.07%

Frequently Asked Questions

Can I hold both EYEG and SPBO in my portfolio?

With a correlation of 0.96, EYEG and SPBO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EYEG or SPBO?

SPBO has higher volatility (1.17%) compared to EYEG (1.13%). In terms of maximum drawdown, EYEG dropped -4.66% vs SPBO's -22.23%.

Which ETF is better, EYEG or SPBO?

On 1-year performance, SPBO leads with 5.51% vs 4.98% for EYEG. On fees, SPBO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EYEG or SPBO?

Over the 1-year period, SPBO has performed better with a 5.51% return vs 4.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EYEG or SPBO?

SPBO is cheaper with a 0.03% expense ratio, compared with 0.30% for EYEG.

Which ETF pays a higher dividend yield, EYEG or SPBO?

SPBO has the higher dividend yield at 5.11%, compared with 4.93% for EYEG.

What is the main difference between EYEG and SPBO?

They also come from different issuers: AllianceBernstein and State Street. Their fees differ too: 0.30% for EYEG and 0.03% for SPBO.

Which has better risk-adjusted returns?

SPBO currently has the higher Sharpe Ratio (1.27 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.